Posted on 01/24/2020 6:37:40 AM PST by Oldeconomybuyer
After being confronted by a man questioning her student loan forgiveness plan, Democratic presidential candidate Elizabeth Warren dismissed his argument. "We don't build an America by saddling our kids with debt," she said on "CBS This Morning" Friday.
In the exchange, which was caught on video and posted to Twitter Tuesday, the father tells Warren that he saved all his money for his daughter's college education. "Am I going to get my money back?" he asked her, to which she said "of course not."
"So you're going to pay for people who didn't save any money and those of us who did the right thing get screwed?" he said.
Asked how she responds to him and others with the same opinion, Warren said, "Look, we build a future going forward by making it better. By that same logic what would we have done? Not started Social Security because we didn't start it last week for you or last month for you."
When asked if she was "saying tough luck" to those people, she said "No," but went into a story about how she was given a shot to go to college even though her family "had no money."
"There was $50 a semester option for me. I was able to go to college and become a public school teacher because America had invested in a $50 a semester option for me," she said. "Today that's not available."
Warren said to save the next generation from trillions of dollars of debt, the country has to invest again.
"We don't build an America by saddling our kids with debt. We build an America by saying we're going to open up those opportunities for kids to be able to get an education without getting crushed by student loan debt," she said.
(Excerpt) Read more at cbsnews.com ...
According to her book, A Fighting Chance, Warren first dated Jim when she was 13 years old and he was 17 years old. They broke up, but then rekindled their romance later on, and when he asked her to marry him when she was 19 years old, she accepted. Warren wrote in her book, “I was amazed — amazed and grateful — that he had chosen me. I said yes in a nanosecond.”
Following the acceptance of his proposal, Warren gave up her full-ride scholarship to George Washington University, and finished her undergraduate career as a student at the University of Houston, where she lived with Jim.
“We don’t build an America by saddling our
kids with debt,”
Explain please America’s National Debt of trillions plus and exactly how it won’t be necessary for our children to repay this.
(Plant more dollar trees?)
Just change the law and allow student loans to be discharged in bankruptcy court. Then if some of these institution go under so what?
I thought his argument was very eloquent. And he crushed her. She had no response.
In a way for us to be here and argue this is pointless, as I am 100% convinced that it is going to happen.
The moment Millenials comprise 50.001% of the electorate they WILL vote themselves loan forgiveness. Take it to the bank.
Did she get the $50.00 option per semester because she was “Native American”?
There are still community colleges with very low tuition and state universities with reasonable in-state tuition.
Anyone who attended a private college/university or graduate school got the debt they deserve.
EFF YOU LIEAWATHA! Fine, YOU pay the kids saddled with debt then. You can’t and you won’t. Instead, you’re using bamboozle speak to transfer debt incurred by questionable decisions to us, who had no say in making those decisions. That is a bridge too far and you know it. This is nothing but a pandering exercise, which is all you and your ilk are good for.
2008 represented a sea change in how the average person out there now things about these issues.
“If we can bail out America’s wealthiest banks, when 98.99% of the public opposes that, then dammit, you can bail me out too.”
2008 was a game changer.
I want Elizabeth Warren’s money. GIVE IT UP! You don’t deserve it, but I DO! //major sarc//
All very good points.
Yes, of course we wouldn’t reimburse the people who did it right, because where would that end? Every college graduate living gets a check for the tuition they paid? Massive redistribution scheme? Nah.
But I bet she’s in favor of reparations.
All the taxes combined.. federal, state and local.. and they can not keep the debt below say, 25% of gdp?
Just more government money laundering to academics so they have a job. Colleges need to pay back the loans after 5 years.
We need to bring down Big Academia. People with trade backgrounds are making a ton of money. You should see my plumbers house.
What the hell does she mean, AN America?!? "AN"? THE America has been built, you commie hag! We'd like it back instead of created AN America for all the freeloading voters you want to bring here! What a POS this one is. But then, all Democrats are. FILTH. Wouldn't spit on them if they were on fire.
Our kids got through school by mixing g half a million drinks at Starbucks, changing adult diapers at the care center, doing finish carpentry and carrying half a million plates of Mexican food to tables.
All of our kids finished debt free.
Huh? Her logic is wacky. Is that beer or Malt Liquor she is pounding down.
She still hasn’t answered if middle class taxes are going up for her wacky healthcare plan.
Runaway tuition inflation is real because gov’t compels ways to throw even more money at it.
If people will pay more for limited supply X, not unreasonable for provider to increase price of X.
Gov’t took over the student loan industry, eliminating any capitalistic “supply and demand” curbs to excessive tuition costs.
Gov’t drove interest rates down extremely low, and added vast “grace periods” to make huge loans palatable (at age 20, thirty years is forever; at age 50, that’s not long, and “been there done that”), and distorted supply further by pretty much blindly handing out loans to anyone who asks.
Want tuition costs to drop?
Stop making it so easy to get an enormous loan that’s difficult/unlikely to get repaid.
Say “no”.
Parents must tell prospective students that huge debts are stupid.
Overall, our society has normalized “swipe/sign here, get what you want” debt.
Overall, our society must reject such debt.
23 Trillion in debt fork-tongued Totalitarian. The nearest lamp posts should be adorned with you and your co-conspirators.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.